Bitcoin (BTC) Price Prediction 2025-2030: Can BTC turn $25k to support?

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Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Bitcoin’s (BTC) price fell on 23 February, but it soon recovered its footing near $24,000 as investors continued to consider the minutes from the Federal Open Market Committee (FOMC) meeting earlier this month as well as the most recent economic data.

Read Price Prediction for Bitcoin [BTC] 2023-24

At press time, the most valuable cryptocurrency by market capitalization was trading at $23,1077.23, up from 23 February but down from its weekly high of almost $25,000. In the midst of continued macroeconomic uncertainties, cryptocurrency markets have had difficulty taking off.

4 February 2023 was a significant day for Bitcoin as the US Nonfarm Payrolls report for January was due. This study offers information about the state of the US economy and might affect the price of Bitcoin. It is anticipated that the data will reveal that the US economy created fewer jobs in January, which would encourage Bitcoin investors.

Moreover, Cathie Wood, CEO of ARK Invest, believes that Bitcoin is a fantastic asset for safeguarding money and offering protection for people who are financially disadvantaged all around the world. Its price has probably increased because of this viewpoint.

Additionally, the Basel Committee of the BIS estimates that the global banks currently own over $9 billion in cryptocurrency, with Bitcoin and derivatives based on it accounting for 56% of this total. 

The fact that institutional investors are placing substantial bets on Bitcoin must be noted. Michael Saylor, a co-founder of MicroStrategy, has a strong bullish outlook for Bitcoin.

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